According to one report in The Times Online, people are taking out more insurance policies due to the credit crunch. 

As the credit crunch continues to unfold, one of the biggest worries for many people is that they may not be able to pay their mortgage, or if they lose their job or are unable to work because of illness or accident.

Such anxieties are on the increase because of the economic uncertainty being confirmed by insurance broker Lifesearch, who have recorded a noticeable rise recently in sales of policies designed to safeguard people’s finances.

They suggest that sales of policies such as income protection, unemployment and critical illness cover tend to boom when other markets suffer.